Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2000 (11) TMI 7 - SCH - Income Tax
Whether, on the facts and in the circumstances of the case, the interest income is not assessable to tax in the hands of the appellant - having regard to the judgment of this court in Tuticorin Alkali Chemicals and Fertilisers Ltd., civil appeal by revenue is accordingly allowed - question is answered in the negative and in favour of the Revenue. In other words, the interest income is assessable to tax in the hands of the assessee.